Apple CEO Takes Leave: How Will Apple React?

Posted by Ian Cooper - Monday, January 17th, 2011

It seems every time Steve Jobs' health concerns take center stage, investors get a bit worried... and take the stock down.

Will it happen this time, even though Steve Jobs remains CEO?  It has yet to be seen.  

Get well, Mr. Jobs.  We're pulling for you... 

Here, according to Zero Hedge, is what Jobs sent employees.

 

Team,

At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.

Steve

 

From CNBC:

"Apple CEO Steve Jobs said on Monday the company's board of directors had granted him a medical leave of absence to allow him to focus on his health.  

Jobs will continue as CEO and be involved in major strategic decisions for the company, but has asked Chief Operating Officer Tim Cook to be responsible for all of Apple’s day-to-day operations, Jobs said in an an e-mail sent to Apple employees.

"I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011. I love Apple so much and hope to be back as soon as I can," Jobs wrote."

Read more here.


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